張 裕Ｂ：2012年第一季度報告全文（英文版） .ppt

1.5 yantai changyu pioneer wine company limited the 1st quarter report of 2012 1. important 1.1 the board of directors, board of supervisors, senior managers of the company collectively and individually accept full responsibility for the truthfulness, accuracy and completeness of the information contained in this report and confirm that to the best of their knowledge and belief there are no other facts the omission of which would make any statement herein misleading. 1.2 no directors, supervisors or senior managers have any dissidence. 1.3 all directors personally attended the board of directors meeting to deliberate this report. 1.4 the 1st quarter report of 2012 has not been audited. the chairman of the board of directors mr. sun liqiang, the chief accountant mr. leng bin and the chief of accounting department mr. jiang jianxun assure the truth and integrity of the financial and accounting statement in this report. - 2. the basic information of the company 2.1 main accountant data and financial index unit: cny at end of the report period at end of last year more or less (%) total assets（cny） owners equity attributed to shareholders of listing company（cny） total share capital (share) net asset per share attributed to shareholders of listing company (cny/share) total operation revenue （cny） net profit attributed to shareholders of listing company（cny） net cash flow from operating activities（cny） 7,562,703,758.00 5,617,927,029.00 527,280,000.00 10.65 during the report period 1,912,443,670.00 604,285,368.00 497,140,869.00 7,295,944,221.00 5,013,641,661.00 527,280,000.00 9.51 1st quarter of last year 2,090,018,976.00 562,581,659.00 1,084,182,965.00 3.66% 12.05% 0.00% 11.99% more or less (%) -8.50% 7.41% -54.15% net cash flow per activities(cny/share) sharefromoperating 0.942.06-54.37% basic earnings per share(cny/share) diluted earnings per share (cny/share) weighted average rate of net assets return weighted average rate of net assets return after deducting irregular profit and loss 1.15 1.15 11.08% 11.14% 1.07 1.07 12.01% 12.01% 7.48% 7.48% -0.93% -0.87% details of irregular profit and loss () applicable not applicable unit: cny from beginning of year to end of report period notes gain on disposal of non-current assets tax refund or exemption that is either non-recurring or without proper approval government grants credited in profit and loss (except for those recurring government grants that are closely related to the entitys operation, in line with related regulations and have proper basis of calculation) other non-operating income and expenses corporate income tax total -1,171,257.00 2,016,365.00 2,417,563.00 782,925.00 -942,304.00 3,103,292.00 2.2the total number of the shareholders and top 10 shareholders with unrestricted shares at the end of the report period unit: share total number of shareholders15,297shareholders, including 10,030 shareholders with a shares, 5,267 shareholders with b shares the top 10 shareholders with unrestricted shares name of shareholdersnumber of unrestricted shares the type of shares atendofreport period yantai changyu group co. ltd. gao-ling fund, l.p. 265,749,120 18,676,716 a shares b shares hthk/cmg fsgufp-cmg growth fd firststatechina 16,482,843 b shares bbh bos s/a fidelity fd-china focus fd government of singapore inv. corp. a/c “c” 10,373,597 7,819,045 b shares b shares bbh fund lux-fidelityfunds-emergingmarkets 4,528,086 b shares ubs (luxembourg) s.a norges bank 4,297,636 4,264,083 b shares b shares china universal growth securities investment fund focusequity 3,739,931 a shares hthk-manulife china value fund3,556,383b shares 3. major issues 3.1 the great change and reasons on main accountant data and financial index ()applicable at end of report period, the notes receivable increased by 83.32% compared with beginning of report period, mainly due to the growth on bank acceptances from the clients. the non-current liabilities due within one year increased by 69.04%, while other non-current liabilities dropped by 51.43% compared with beginning of report period, mostly because part of other non-current liabilities which will due within one year was listed in the non-current liabilities due within one year. during report period, compared with same period of last year, the managerial expenses fell by 39.80% because of decrease of afforestation expenses, the non-operating income increased by 515.33%, mostly contributed by growth on governmental subsidy, the non-operating expenditures increased by 176.14% mainly because of retirement of part of fixed assets, and other cash paid related to operating activities increased by 81.90% mostly due to the growth on advertisement expenditure and freight paid. 3.2 analysis and explanation on the progress, impact and solution of major issues 3.2.1 non-standard opinions ()not applicable 3.2.2 the situation on the company providing funds to the controlling shareholders or its affiliates and acting against the prescribed procedures to provide external guarantees ()not applicable 3.2.3 the situation on the signature and performance on the major contracts in the daily operations ()not applicable 3.2.4 others () not applicable 3.3 the execution of promised issues by the company, shareholders and actual controller the promised issues from the company, its directors, supervisors and senior officers, or its shareholders with shares over 5% or its actual controller during the report period or such promised issues carried out to the report period. () applicable commitment items share reform commitment committed person yantai changyu group co. ltd. commitment content 1. from the day of being granted the right of circulation on stock market as march 21st,2006, changyu group will not transact or transfer its shareholding performance situation it has already been fulfilled. in the company within 36 months 2.within 12 months as from the day of the expiry of the afore-said promising period, the amount of the former non-circulating stock that changyu group may list for transaction at stock exchange cant be over 5% of its total and within 24 months after that, cant be over 10% of its total. 3. changyu group also promised to propose over the shareholders meetings 2005, 2006 and 2007 to distribute the companys profit in cash no less than 65% of the distributable profit realized in the same year and ensure to vote for aye for this proposal. commitments in the acquisition no.no. no. report or report of changes in equity commitments when making major assets no.no. no. restructuring issuance commitments yantai changyu group non-horizontal competition it is still in performance. co. ltd. other commitments (including additional commitments) yantai changyu group co. ltd. the company has well noted the securities law, administration methods of takingover listed companies, guidance on releasing the limited shares transfer of the listed companies and the relative business rules under performance. of shenzhen stock exchange, and will strictly obey the relevant provisions of above documents, faithfully carry out the commitments and bear the corresponding legal responsibility, when in the future reducing the holding of the shares with releasing restrictions on sale price in this time. 3.4 warning and explanation for the estimation on the possible loss of cumulative net profit in the period from the beginning of this year to the end of the next report period or the great change comparing with same period of last year. ( ) not applicable 3.5 other major issues 3.5.1 securities investment ( ) not applicable 3.5.2 the companys receptions, studies and visits during report period reception datereception placereception wayvisitormain topic and material provided jan.10, 2012 jan.10,2012 jan. 16, 2012 feb.9, 2012 feb.15, 2012 feb.15, 2012 feb.17, 2012 meeting room of the company meeting room of the company meeting room of the company meeting room of the company meeting room of the company meeting room of the company meeting room of the company field survey field survey field survey field survey field survey field survey field survey orient securities hengtai securities yuren chuangxin investment pacific investment management citic securities zhongzai assets management ubs securities principal operation, future development principal operation, future development principal operation, future development principal operation, future development principal operation, future development principal operation, future development principal operation, future development feb.17, 2012 feb.17, 2012 feb.20, 2012 feb.20, 2012 meeting room of the company meeting room of the company meeting room of the company meeting room of the company field survey field survey field survey field survey qilu securities citic-prudential fund management qilu securities gf fund management principal operation, future development principal operation, future development principal operation, future development principal operation, future development 3.6 investment on financial derivatives ( ) not applicable 3.6.1 investment on financial derivatives at end of report period ( ) not applicable 4. annex 4.1 balance sheet yantai changyu wine poineer co., ltd.march 31, 2012unit: cny at 31 march2012 parent at 31 december 2011 consolidatedcompanyconsolidatedparent assetsamountamountamountcompany amount current assets： monetary fund2,889,593,9972,200,327,3592,532,967,1971,568,184,564 financial assets for trade notes receivable account receivable advance money interest receivable dividend receivable other account receivable inventories 103,153,851 150,777,482 88,821,251 15,469,150 80,735,344 1,538,461,221 50,892,391 14,669,261 78,144,435 15,469,150 1,827,258,629 2,446,279,519 569,610,073 56,268,482 126,906,526 77,252,611 15,763,431 75,423,614 1,755,964,582 25,779,768 20,977,065 45,090,601 15,763,431 1,866,646,179 1,685,950,766 579,452,383 non-current assets due within one year other current assets total current assets4,867,012,2967,202,650,8174,640,546,4435,807,844,757 non-current assets： financial assets for sale investment held to expiration long-term account receivable long-term equity investment5,000,000598,299,3635,000,000598,299,363 real estate for investment fixed assets construction in progress 1,596,680,131 483,681,742 351,385,469 64,891,987 1,609,111,868 406,353,081 365,152,521 42,040,898 project material liquidation of fixed assets biological assets for production41,996,1919,537,20542,355,4419,683,931 oil and gas assets intangible assets262,860,38688,923,822263,838,08789,684,756 development expenditure goodwill long-term deferred expenses146,218,964148,429,436 assets of deferred income tax other non-current assets total non-current assets total assets 154,609,537 4,644,511 2,695,691,462 7,562,703,758 27,179,918 3,746,724 1,143,964,488 8,346,615,305 175,528,938 4,780,927 2,655,397,778 7,295,944,221 31,337,829 3,854,796 1,140,054,094 6,947,898,851 yantai changyu wine pioneer co., ltd.march 31,2012unit: cny at 31 march2012 parent at 31 december 2011 parent liabilities, rights and interests of shareholders consolidated amount company amount consolidated amount company amount current liabilities: short-term loan financial liabilities for trade notes payable accounts payable advance money wage payable tax payable 177,425,120 311,307,100 159,862,579 500,683,603 87,573,323 76,029,511 51,261,164 229,920,729 293,655,222 188,274,937 698,459,857 134,893,846 97,418,899 115,489,659 interest payable dividend payable other accounts payable459,485,5313,435,668,735536,059,0001,918,592,985 non-current liabilities due within one year137,061,18081,081,000 other current liabilities total current liabilities 4,617,301 1,750,442,414 807,300 3,651,340,033 4,744,074 2,032,194,819 828,000 2,267,223,389 non-current liabilities： long-term loan bond payable long-term accounts payable special accounts payable estimated liabilities liabilities of deferred income tax5,336,1155,336,115 other non-current liabilities total non-current liabilities total liabilities 52,679,713 58,015,828 1,808,458,242 13,731,700 13,731,700 3,665,071,733 108,453,139 113,789,254 2,145,984,073 13,918,000 13,918,000 2,281,141,389 shareholder rights and interests： capital stock capital reserve 527,280,000 562,139,042 527,280,000 557,222,454 527,280,000 562,139,042 527,280,000 557,222,454 less: treasury stock surplus reserve undistributed profit 295,942,630 4,232,565,357 295,942,630 3,301,098,488 295,942,630 3,628,279,989 295,942,630 3,286,312,378 total shareholder rights and interests of parent company5,617,927,0294,681,543,5725,013,641,6614,666,757,462 minority shareholder rights and interests total shareholder rights and 136,318,487136,318,487 interests5,754,245,5164,681,543,5725,149,960,1484,666,757,462 liabilities and total shareholders rights and interests7,562,703,7588,346,615,3057,295,944,2216,947,898,851 4.2 profit statement yantai changyu wine pioneer co., ltd.january 2012 to march 2012 three months ended 31 march unit: cny three months ended 31 2012 parent march2011 parent consolidatedcompanyconsolidatedcompany item business income less: business cost amount 1,912,443,670 483,121,287 amount 404,260,334 331,806,568 amount 2,090,018,976 543,222,709 amount 506,563,827 388,453,744 business tax and associate charges sales expenses 89,023,294 467,673,517 39,229,753105,983,152 571,748,034 57,861,944 management expenses financial expenses 82,064,961 -12,168,537 25,141,469 -12,559,844 136,323,637 -12,843,351 52,042,387 -10,831,676 assets depreciation loss add: fair value charge profit (loss is listed with “-“) investment profit (loss is listed with “-“)52,12252,122 including: investment profit for joint-run business and joint venture operating profit add: non-operating income less: non-operating expenditures 802,729,149 5,465,391 1,419,796 20,642,389 591,179 1,402,751 745,636,917 888,203 514,157 19,089,549 421,480 2,050 including: non-current assets disposing loss total profit less: income tax expenses net profit 806,774,744 202,489,376 604,285,368 19,830,817 5,044,707 14,786,110 746,010,963 183,464,223 562,546,740 19,508,979 4,918,150 14,590,829 net profit of parent companys owners604,285,36814,786,110562,581,65914,590,829 minority shareholder profit and loss eps -34,918 basic eps diluted eps 1.15 1.15 0.03 0.03 1.07 1.07 0.03 0.03 other comprehensive income comprehensive income604,285,36814,786,110562,546,74014,590,829 comprehensive income of parent company604,285,36814,786,110562,581,65914,590,829 comprehensive income of minority shareholders 4.3 cash flow statement -34,918 yantai changyu wine pioneer co., ltd.january 2012 to march 2012 three months ended 31 unit: cny three months ended 31 march2012march2011 itemconsolidatedparentparent amountcompany amount consolidated amount company amount 1. cash flows from operating activities: cash received from sales of goods and rending of services tax refund received 2,146,275,218 5,987,075 473,515,732 1,270,642 2,450,730,868 4,506,575 506,217,511 1,765,890 other cash received related to operating activities44,629,783652,498,77739,581,571934,283,827 subtotal of cash flows of operating activities cash paid for goods and services cash paid to and on behalf of employees cash paid for taxes and expenses 2,196,892,076 433,187,773 131,779,247 751,723,834 1,127,285,151 254,307,853 48,627,342 137,093,345 2,494,819,014 443,608,869 105,863,409 650,575,171 1,442,267,229 384,955,700 38,684,926 98,939,301 other cash paidrelated to operating383,060,35382,972,445210,588,599128,055,339 activities sub-total of cash outflows of operating activities net cash flow from operating activities 1,699,751,208 497,140,868 523,000,984 604,284,166 1,410,636,049 1,084,182,965 650,635,266 791,631,963 2. cash flow from investing activities: cash received from return of investment fixed deposit with the term of over 3 months cash received from obtaining investment profit cash received from interest income 12,800,291 39,387,550 12,800,291 54,5157,180,727 net cash received from disposal of fixed assets,